Question

Explain the role of commercial banks in rural development of India.

Answer 1

commercial banks are really helpfull in rural areas in the development of this sector in many ways :

1. it provides with cheap loans to needy.

2. by providing cheap loans farmer can buy the new equipments to improve the quality and quantity they produces.

3. by getting loans from moneylenders and traders many people got debt trap but from commercial banks this situation doesn't occurs


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Answer 2

yes it was correct answers